Car Accident - Not at Fault Unfair Written off Price

letmecry on 16/12/2022 - 19:51

I had a car accident caused by a lady drove on opposite side then she turned right cut in front of me at T intersection. I got a green light.

She accepted that all her fault.

My car had some damage on the front left and the insurance told me that it had been written off and offered only 16k.

My car is Mazda 3 - 2018 with only 30k on.

What I should do to get it close to the market price 25k? With that 16k I couldn't buy a decent car or even close to my old one.

My insurance is not helpful from the beginning with to get a replacement car. I have to find it myself.
Then I argued with the written off price, they did nothing only insisted with that 16k

Automotive

Comments

  • Xistn on 16/12/2022 - 19:53

    Get your insurance involved.

    • letmecry on 16/12/2022 - 19:57

      Every communication I had was through my insurance but they didn't help me out

      • Godric on 16/12/2022 - 20:01

        Replacement Hire Cars can sometimes be an additional add on, or even then it's in the PDS if that was a critical factor for you.. get a insurance policy with one

  • Downvoter on 16/12/2022 - 19:57
    +7

    Should’ve paid for agreed value /thread

    • Nugs on 16/12/2022 - 20:49
      +5

      Lately though, agreed value maxes out before reaching market value
      .

      • Bigboomboom on 17/12/2022 - 16:14

        GIO Platinum has like for like lifetime new car replacement. At work back in 2018 we had a Ford Falcon Ute purchased in 2010 ($30,000ish) replaced with a 2018 Mazda BT-50 ($50,000ish). Not sure how it would be now with car shortage, but technically GIO should still replace the written off car with exaggeratedly "used" car from stealership.

  • TEER3X on 16/12/2022 - 20:01
    +4

    I think this website gives good advice
    https://mva.financialrights.org.au/dtop/i-dont-agree-with-th…

    You should be able to negotiate, just be fair and thorough in your research

  • spackbace on 16/12/2022 - 20:06
    +1

    Which insurance company?

    If Bingle etc, good luck…

    • letmecry on 16/12/2022 - 20:08

      Cgu

      • MS Paint on 16/12/2022 - 20:19
        +2

        Agreed or market value policy?

        You can put together a case of recent similar car sale prices and negotiate a larger settlement from the old ladies insurance.

  • Aust on 16/12/2022 - 20:25
    +3

    CGU is a great company to deal with.,
    $25K according to carsales is top dollar for a SP25 Astina, is that your car?
    You can,
    Ask for an independant valuation,
    Support your argument with like type vehicle list from car sales (dont use Gumtree)
    Provide service history (You did have it serviced?)
    Or lodge the claim with your own insurer if not happy, (might end up with the same result)

    • letmecry on 16/12/2022 - 20:31

      No, just a normal one with low km.

      I have just had a service a week before the accident 😭

      • kerfuffle on 16/12/2022 - 21:29

        Do you have examples of where your car is currently worth $25K on the market?

        What I should do to get it close to the market price 25k? With that 16k I couldn't buy a decent car or even close to my old one.

        That's life for you. I got T-Boned back in April and my 11-year-old car got written off. Insurance paid out $13K. My new car on order is $44K (and my old one brand new was only $25K) …

        • letmecry on 16/12/2022 - 22:53

          Yes, there are very few cars with the same model and the mileage slightly higher than mine on carsales

          • kerfuffle on 16/12/2022 - 23:15
            +1

            @letmecry: Same model or same trim/grade? They're two different things.

        • scotty on 17/12/2022 - 11:34

          $13k - that's quite a lot for an 11yo car. My 11yo KIA was rammed into at car park in September. Rear bumper damage and the insurer decided to write it off & pay out market price, which was only $5.5k (new car was $33k).

          • kerfuffle on 17/12/2022 - 12:08

            @scotty: Low kilometres for its age, mid range trim including sunroof (helped too that there were only two examples of it for the assessor to go against). Plus Corolla tax 🙃

    • spackbace on 16/12/2022 - 20:52
      +3

      You looking at trade price or advertised?

      $23k+ is asking price for OP's car

  • pegaxs on 16/12/2022 - 20:35
    +3

    Just go back to them and say “ok, well, you find me a car, the same as mine, with this many km on it, you buy it for $16k and give it to me… otherwise, the replacement cost in this market is $26k…”

    • letmecry on 16/12/2022 - 22:48

      My car is only 30,000 kms

  • El cheepo on 16/12/2022 - 21:30
    +2

    Was it agreed or market value?

    If it was agreed…you agreed…

    • parsimonious one on 18/12/2022 - 10:17
      +3

      Is it just me, or is it increasingly strange the OP refuses to answer this question (as it’s been asked a few times on the thread with no answer from OP)?

      • El cheepo on 18/12/2022 - 11:52

        I was thinking the same thing.

        The lack of reply really seems to point out that it is in-fact insured as agreed value…

        Also weird that they wouldn’t mention their exact model.
        Makes me assume its a base model.

  • Mikefr on 16/12/2022 - 22:20

    2 prices listed
    “Trade In Value”
    Second Price is “Private Sale price” which is more.
    Depending on the Mazda 3 Variant, the value is somewhat consistent with what’s listed for “Trade In” prices.

  • yellowfever on 16/12/2022 - 22:48
    +3

    A standard 2018 Mazda 3 neo or Maxx is not $25K
    It was not even $25K when new
    Go for $20K market value at best and call it a day

  • Tomcruise on 18/12/2022 - 13:03

    You'll have to go ther person yourself, civil through the courts.

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